SEC Form 4 · accession 0001571049-15-001515
NorthStar Asset Management Group Inc. · NSAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Debra Ann Hess
Officer — Chief Financial Officer
Period of report
Feb 25, 2015
Accepted (ET)
Feb 27, 2015 · 9:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001597503
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Performance Common StockF1,F2 | Feb 25, 2015 | A | 33,411 | $0.00 | A | 173,598 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Performance Common Stock is substantially identical to shares of the NorthStar Asset Management Group Inc.'s Common Stock, except that it will not be entitled to share in distributions declared with respect to Common Stock and it will not entitle holders to vote, except with respect to limited matters impacting the rights of the Performance Common Stock. Upon vesting, shares of Performance Common Stock will automatically convert into shares of Common Stock and the reporting person will be entitled to receive the distributions that would have been paid with respect to a share of Common Stock (for each share of Performance Common Stock that vests) on or after the date the shares of Performance Common Stock were initially issued.
- F2Subject to continued employment through December 31, 2017, these shares of Performance Common Stock will vest in full if the total stockholder return from January 1, 2014 through December 31, 2017, equals or exceeds 12% per year, compounded annually, and vest in part if the total stockholder return during this period is equal to 6% per year, compounded annually, or greater.